Are Retirement Apartments Right For You?

Reviewed: September 14, 2015
By FinanceWeb

Retirement housing units are among the living arrangements that can meet the needs of older couples and individuals. For many retirees the goal is to simplify everyday life and make more time for leisure activities. Apartments contrast with single family residences in that there are extensive common areas and responsibilities for overall maintenance and facilities remain with the provider. To attract retiring seniors, providers offer appealing furnishings, security, convenient services, and modern amenities. Retirement apartments take many forms. They can be ownership units like condominiums and cooperatives or they can be rentals with short or long term obligations.

Independent Living Options

Customized living arrangements help retired persons shape a pleasing lifestyle and control costs. Those who place less emphasis on real estate for housing a family or building an equity investment, retirement living in a small retirement community apartment can be the best option. They can rent without further obligation and customize a menu of services that leave time and resources for other interests. Dining is a standard feature that simplifies living. Many communities offer advanced options like programs for memory enhancement and activities aimed at increasing social opportunities. In senior, independent living communities, many activities focus on memory, mental awareness and maintaining high levels of physical and mental fitness. With no need for shopping and cooking, retired persons can simplify daily schedules and free time for new interests.

A New Lifestyle

A retirement apartment can be part of new lifestyle choices for many retired persons; it represents a sharp break from single family unit ownership, and less responsibility than in any category of ownership. Traditional single family units, condominiums, and cooperatives each involve some degree of responsibility for daily chores, property maintenance and upkeep. For some couples, retirement is the first time they have been without significant family responsibilities. Retirement communities offer convenient facilities for routine medical care, exercise, fitness, and preventive health programs.

Freedom from Responsibility

Retirement apartments providers feature many luxuries and offer complementary facilities. Some features like barrier free designs and few stairs add to personal safety. Amenities like modern kitchens and appliances add value to the client’s period of residence and often save money on items that need not be purchased. The common age group of the retirement community promotes a focus on resources that most residents can use. These include preventive health, exercise, and activities that maximize good health rather than healing illnesses. The time saved by reducing household chores, maintenance and upkeep is a major reason many choose retirement apartment style living.

Themes and Designs

Some providers center their communities around themes or activities. These add a stronger sense of community in these areas with centerpieces such as a golfing, water sports, and outdoor activities like hiking and biking trails. A wide range of services to increase security and personal safety such as limousine service for nights out and escorted outings. For those who value natural settings and outdoor living, some communities offer spacious settings and natural beauty.

Customized Apartment Living

Providers offer many features to attract seniors that can live independently or with with minor assistance. They offer meals and dietary services to reduce the overall costs of living. Costs control and predictability are important inducements for retirement apartment living. These are important conveniences. Diet is a key to longevity and health, and it is an important item requiring professional resources and day-to-day attention. Senior apartment providers offer specialized services to assist residents who need help to complete one or more daily life activities.